2024-05-08T15:17:00-05:00 2023-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2022-07-01 363191926 TRANSITIONAL HOUSING INC TRAN 7735725500 4101 N RAVENSWOOD CHICAGO IL 60613 AL SHOREIBAH CFO 7735725500 2024-04-27 1 AL SHOREIBAH 999009999 1 KIMBERLY A HAUMANN P00546491 3122071040 2024-04-27 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z AL SHOREIBAH 4101 N RAVENSWOOD CHICAGO IL 60613 256265 0 X WWW.THRESHOLDS.ORG X 1982 IL TO PROVIDE HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF INDVIDUALS FACING THE CHALLENGE OF RECOVERY FROM SEVERE AND PERSISTENT MENTAL ILLNESS. 47 47 0 51 7200 5611 0 0 254423 248959 94 106 5700 7200 260217 256265 0 0 0 0 18206 18657 0 0 0 204814 202324 223020 220981 37197 35284 562915 547544 453819 406367 109096 141177 X TRANSISTIONAL HOUSING, INC. IS A NONPROFIT SOCIAL SERVICE AGENCY WHICH PROVIDES HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF INDIVIDUALS FACING THE CHALLENGE OF RECOVERY FROM SEVERE AND PERSISTENT MENTAL ILLNESS. 0 0 185985 248959 TRANSITIONAL HOUSING, INC. (PROJECT) IS A NONPROFIT SOCIAL SERVICE AGENCY WHICH PROVIDES HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF INDIVIDUALS FACING THE CHALLENGE OF RECOVERY FROM SEVERE AND PERSISTENT MENTAL ILLNESS. THE PROJECT OWNS AND OPERATES A 19-UNIT APARTMENT BUILDING IN CHICAGO, ILLINOIS, KNOWN AS PENN HOUSE, WHICH IS SUBJECT TO A FEDERALLY INSURED FIRST MORTGAGE LOAN OBTAINED UNDER THE PROVISIONS OF SECTION 202 OF THE NATIONAL HOUSING ACT (FHA PROJECT NO. 071-EH205). THE APARTMENTS GENERALLY ARE LEASED FOR ONE-YEAR TERMS AND ARE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENTS AND OPERATING METHODS. CERTAIN CAPITAL COSTS NOT APPROVED BY HUD HAVE BEEN FUNDED BY A $89,343 ADVANCE FROM THE THRESHOLDS. THOSE FUNDS WILL BE RECORDED AS A CAPITAL CONTRIBUTION AND WILL NOT BE REPAID TO THE THRESHOLDS FOR AT LEAST FORTY YEARS. THE PROJECT'S ACTIVITIES ARE CONTROLLED BY THE BOARD OF DIRECTORS OF THE THRESHOLDS, A RELATED NONPROFIT SOCIAL SERVICE AGENCY WHICH PROVIDES REHABILITATIVE SERVICES TO FORMER MENTAL PATIENTS AND ALSO PROVIDES CERTAIN MANAGEMENT, ACCOUNTING, AND ADMINISTRATIVE SERVICES AND OFFICE FACILITIES TO THE PROJECT FOR WHICH A MANAGEMENT FEE IS CHARGED. THE THRESHOLDS PROVIDES OPERATING ADVANCES TO THE PROJECT. 185985 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 47 47 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X AL SHOREIBAH CFO 7735725262 120 S LASALLE SUITE 1410 CHICAGO IL 60603 SUZET M MCKINNEY DRPH MPH PRESIDENT - THRU 12/31 0.10 1.90 X X 0 0 0 CYNTHIA JONES PRESIDENT - BEG 12/31 0.10 1.90 X X 0 0 0 DR VEN MOTHKUR VICE PRESIDENT - THRU 12/31 0.10 1.90 X X 0 0 0 DR INGER BURNETT-ZEIGLER SECRETARY - THRU 12/31 0.10 1.90 X X 0 0 0 ROBERT SPENCER TREASURER 0.10 1.90 X X 0 0 0 JAMES KOLAR ASSISTANT TREASURER 0.10 1.90 X X 0 0 0 MINAL VARMA ASST. SEC.-THRU 12/31; SEC.-BEG 12/31 0.10 1.90 X X 0 0 0 DR GARTH WALKER MD MPH ASSISTANT SECRETARY - BEG 12/31 0.10 1.90 X X 0 0 0 BENJAMIN ALBRECHT DIRECTOR 0.10 1.90 X 0 0 0 JUDY ASHWORTH MD DIRECTOR 0.10 1.90 X 0 0 0 BARBARA R BARRENO-PASCHALL JD MPP DIRECTOR 0.10 1.90 X 0 0 0 PAMELA BUFFETT DIRECTOR 0.10 1.90 X 0 0 0 BILL BURFEIND DIRECTOR 0.10 1.90 X 0 0 0 RAYMOND E CROSSMAN PHD DIRECTOR - THRU 12/31 0.10 1.90 X 0 0 0 JOANNE DAHM DIRECTOR 0.10 1.90 X 0 0 0 DEBBIE DAVIS DIRECTOR 0.10 1.90 X 0 0 0 MARIANNE DOAN DIRECTOR 0.10 1.90 X 0 0 0 KEITH DOUGLAS DIRECTOR - BEG 12/31 0.10 1.90 X 0 0 0 DAVID EVELY DIRECTOR 0.10 1.90 X 0 0 0 CRYSTAL GLOVER PHD DIRECTOR 0.10 1.90 X 0 0 0 SATYENDER GOEL PHD DIRECTOR 0.10 1.90 X 0 0 0 RONALD B GRAIS JD DIRECTOR 0.10 1.90 X 0 0 0 MEGAN GREER DIRECTOR 0.10 1.90 X 0 0 0 ROBERT HAAN DIRECTOR 0.10 1.90 X 0 0 0 MARY JO HERSETH DIRECTOR 0.10 1.90 X 0 0 0 MARY HILL DIRECTOR - THRU 12/31 0.10 1.90 X 0 0 0 CLAUDINE HOLLACK DIRECTOR 0.10 1.90 X 0 0 0 VICKI HORWICH DIRECTOR 0.10 1.90 X 0 0 0 CHARLIE HYMEN DIRECTOR 0.10 1.90 X 0 0 0 STEPHEN ISAACS DIRECTOR 0.10 1.90 X 0 0 0 DAN KLAFF DIRECTOR 0.10 1.90 X 0 0 0 LEO LANZILLO DIRECTOR 0.10 1.90 X 0 0 0 ROXANNE M MARTINO DIRECTOR 0.10 1.90 X 0 0 0 KEITH MCCLINTOCK DIRECTOR 0.10 1.90 X 0 0 0 JOSEPH MOOS DIRECTOR 0.10 1.90 X 0 0 0 SANDEEP NAIN DIRECTOR - BEG 12/31 0.10 1.90 X 0 0 0 SHARON NEAL DIRECTOR 0.10 1.90 X 0 0 0 KEVIN A OSTEN GARNER PSY D DIRECTOR - BEG 12/31 0.10 1.90 X 0 0 0 INA N OWENS LCSW DIRECTOR 0.10 1.90 X 0 0 0 GINO PINTO DIRECTOR 0.10 1.90 X 0 0 0 LUVIA QUINONES DIRECTOR - BEG 12/31 0.10 1.90 X 0 0 0 TAMMY RANDA DIRECTOR 0.10 1.90 X 0 0 0 CHRISTINE M RHODE DIRECTOR 0.10 1.90 X 0 0 0 SUE ROBERTS DIRECTOR 0.10 1.90 X 0 0 0 DR BETH ROM-RYMER DIRECTOR 0.10 1.90 X 0 0 0 LINDA G SAHAGIAN DIRECTOR 0.10 1.90 X 0 0 0 CHRIS SEGAL DIRECTOR 0.10 1.90 X 0 0 0 SARAH WARE DIRECTOR 0.10 1.90 X 0 0 0 JASMINE WATKINS DIRECTOR 0.10 1.90 X 0 0 0 KIRK WILLIAMS DIRECTOR 0.10 1.90 X 0 0 0 JEREMY WRIGHT DIRECTOR 0.10 1.90 X 0 0 0 DEBRA PAVICK LCSW CHIEF CLINICAL OFFICER 0.60 39.40 X 0 203312 7153 MARK FURLONG LCSW CHIEF OPERATING OFFICER 0.60 39.40 X 0 199517 19986 BRENT PETERSON CHIEF DEVELOPMENT OFFICER 0.60 39.40 X 0 142427 28153 MARK ISHAUG CHIEF EXECUTIVE OFFICER 0.60 39.40 X 0 403882 29764 CHRISTINE NOONE CHIEF TALENT OFFICER 0.60 39.40 X 0 191877 4989 AL G SHOREIBAH CPA MBA CHIEF FINANCIAL OFFICER 0.60 39.40 X 0 244996 31210 ADEMOLA T POPOOLA CHIEF INFORMATION OFFICER 0.60 39.40 X 0 169812 25172 DENISE L ATKINS CHIEF OF COMMUNITY ENGAGEMENT 0.60 39.40 X 0 152825 4018 MICHAEL J FALEY GENERAL COUNSEL 0.60 39.40 X 0 175247 16413 0 1883895 166858 0 0 1 0 0 RENT SUBSIDIES 531390 165074 165074 RESIDENTIAL FEES 531390 81375 81375 RENTAL REVENUE 531390 2510 2510 248959 106 106 PARKING LOT RENTAL 812930 7200 7200 7200 256265 248959 7200 106 15222 7345 7877 3435 1657 1778 15512 15512 5653 5653 4176 4176 99939 99939 31993 31993 29423 29423 11714 11714 TELEPHONE SERVICE 3514 3514 BAD DEBT 276 276 LICENSES AND PERMITS 124 124 220981 185985 34996 0 24145 7737 219035 236098 11081 24478 1219772 940541 308654 279231 562915 547544 364709 296828 89110 109539 453819 406367 X 109096 141177 109096 141177 562915 547544 X 35284 -3203 X 0 1 X 1 1 1 X X 1 THE THRESHOLDS INC 362518901 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 160000 160000 1049668 930437 119231 10104 10104 0 279231 DUE TO AFFILIATED ORGANIZATIONS 101117 OTHER LIABILITIES 4683 TENANT DEPOSITS HELD 3739 109539 0 1 0 0 0 0 0 0 0 MARK ISHAUG CHIEF EXECUTIVE OFFICER 0 367746 0 35250 0 886 0 20897 0 8867 0 433646 0 0 AL G SHOREIBAH CPA MBA CHIEF FINANCIAL OFFICER 0 244846 0 150 0 0 0 7611 0 23599 0 276206 0 0 MARK FURLONG LCSW CHIEF OPERATING OFFICER 0 199367 0 150 0 0 0 5851 0 14135 0 219503 0 0 DEBRA PAVICK LCSW CHIEF CLINICAL OFFICER 0 203162 0 150 0 0 0 6098 0 1055 0 210465 0 0 CHRISTINE NOONE CHIEF TALENT OFFICER 0 191727 0 150 0 0 0 3934 0 1055 0 196866 0 0 ADEMOLA T POPOOLA CHIEF INFORMATION OFFICER 0 169662 0 150 0 0 0 4001 0 21171 0 194984 0 0 MICHAEL J FALEY GENERAL COUNSEL 0 175097 0 150 0 0 0 5347 0 11066 0 191660 0 0 BRENT PETERSON CHIEF DEVELOPMENT OFFICER 0 142277 0 150 0 0 0 4556 0 23597 0 170580 0 0 DENISE L ATKINS CHIEF OF COMMUNITY ENGAGEMENT 0 152675 0 150 0 0 0 3372 0 646 0 156843 0 0 PART I, LINE 3 COMPENSATION REVIEW PROCEDURES WERE PERFORMED BY A RELATED ORGANIZATION, THE THRESHOLDS. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO DETERMINE THE CEO'S COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. PART I, LINE 4B THE CEO PARTICIPATES IN A 457(F) NON-QUALIFIED RETIREMENT PLAN. THERE WERE NO AMOUNTS DISTRIBUTED FROM THE PLAN DURING CALENDAR YEAR 2022 AND THEREFORE NO AMOUNTS WERE TREATED AS TAXABLE ON THE 2022 W-2. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. THE GOVERNING BODY IS PROVIDED A REASONABLE AMOUNT OF TIME TO REVIEW THE RETURN AND ASK ANY QUESTIONS DIRECTLY TO ORGANIZATION MANAGEMENT OR THE CONTACT AT THE INDEPENDENT CPA FIRM PRIOR TO FILING. A MEETING OR CONFERENCE IS LATER SCHEDULED FOR THE CPA FIRM AND ORGANIZATION MANAGEMENT TO DISCUSS THE FORM 990 WITH THE GOVERNING BODY OR THEIR DESIGNATED COMMITTEE, AS NEEDED. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE ANNUALLY REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AS A PRECURSOR TO THEIR SERVICE TO THE ORGANIZATION. POTENTIAL CONFLICTS ARE LOGGED WITH AND MONITORED BY THE SECRETARY OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE CEO HAS AN EMPLOYMENT CONTRACT THAT IS EVALUATED ANNUALLY BY THE BOARD'S EXECUTIVE COMMITTEE. THE BOARD MEETS IN EXECUTIVE SESSION TO DETERMINE THE CEO'S ANNUAL COMPENSATION PACKAGE THAT MAY INCLUDE A DISCRETIONARY BONUS. THE BOARD USES COMPARABLE DATA IN ITS ASSESSMENT OF EXECUTIVE COMPENSATION. THE BOARD PRESIDENT DOCUMENTS THE RESULTS OF THIS ASSESSMENT AND THE COMMITTEE'S DECISION AND ROUTES THIS INFORMATION TO HUMAN RESOURCES FOR PROCESSING. THE CFO'S COMPENSATION WAS DETERMINED WITH ASSISTANCE OF AN INDEPENDENT CONSULTING AGENCY. REMAINING KEY EMPLOYEES ARE DETERMINED WITH HUMAN RESOURCES REVIEW AND MARKET COMPARISONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH APPLICABLE GOVERNMENTAL AGENCIES; THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. FORM 990, PART XI, LINE 9: OTHER ADJUSTMENT TO NET ASSETS -3,203. THE THRESHOLDS 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 362518901 PROVIDES HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 7 THE THRESHOLDS 0 THRESHOLDS HOUSING INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363071248 PROVIDES HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 HOUSING ASSOCIATES INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363252608 PROVIDES HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-4 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363783906 PROVIDES HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-5 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363783908 PROVIDES HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-6 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363783907 PROVIDES HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-7 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363783909 PROVIDES HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-8 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363783910 PROVIDES HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-9 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363783907 PROVIDES HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-10 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363967815 PROVIDES HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-11 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363967819 PROVIDES HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-12 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 364186062 PROVIDES HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-13 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 364168063 PROVIDES HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-14 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 364168066 PROVIDES HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 WAYNE STREET APARTMENTS LIMITED PARTNERSHIP 4101 N RAVENSWOOD CHICAGO IL 60613 364146707 PROVIDES HOUSING FOR MENTALLY AND EMOTIONALLY HANDICAPPED INDIVIDUALS IL N/A 0 0 BT-DIPLOMAT LLC (0026 OWNERSHIP) 4101 N RAVENSWOOD CHICAGO IL 60613 320361958 PROVIDES HOUSING FOR DISABLED AND EMOTIONALLY HANDICAPPED INDIVIDUALS IL N/A 0 0 MENARD LIMITED PARTNERSHIP 4101 N RAVENSWOOD CHICAGO IL 60613 363942457 PROVIDES HOUSING FOR MENTALLY AND EMOTIONALLY HANDICAPPED INDIVIDUALS IL N/A 0 0 ROWAN TREES LIMITED PARTNERSHIP 4101 N RAVENSWOOD CHICAGO IL 60613 364107843 PROVIDES HOUSING FOR MENTALLY AND EMOTIONALLY HANDICAPPED INDIVIDUALS IL N/A 0 0 HUMBOLDT APARTMENTS LP 4101 N RAVENSWOOD CHICAGO IL 60613 472410323 PROVIDES SUPPORTIVE HOUSING SERVICES FOR INDIVIDUALS EXPERIENCING MENTAL ILL IL N/A 0 0 THRESHOLDS RAD LLC 4101 N RAVENSWOOD CHICAGO IL 60613 820797011 PROVIDES HOUSING FOR MENTALLY AND EMOTIONALLY HANDICAPPED INDIVIDUALS IL N/A 0 0 MENARD APARTMENT CORP 4101 N RAVENSWOOD CHICAGO IL 60613 363942447 MANAGEMENT OF PARTNERSHIP IL N/A C 0 ROWAN TREES APARTMENT INC 4101 N RAVENSWOOD CHICAGO IL 60613 364096242 MANAGEMENT OF PARTNERSHIP IL N/A C 0 WAYNE STREET CORPORATION 4101 N RAVENSWOOD CHICAGO IL 60613 364147098 MANAGEMENT OF PARTNERSHIP IL N/A C 0 BT-DIPLOMAT MANAGER LLC 4101 N RAVENSWOOD CHICAGO IL 60613 611668317 MANAGEMENT OF PARTNERSHIP IL N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0